Nordic M&A News
May 23, 2018

- Denmark -

SOS Sportswear is up for sale (Borsen)

Ole Damn, who became wealthy in the 00's by selling Bjorn Borg underwear has in recent years seen his fortune crumble. He attempted to repeat the success of the underwear company with the exclusive ski clothing brand SOS Sportswear. But after several years of massive losses, he is now looking to sell. According to Borsen, SOS Sportswear is currently in dialogue with a potential industrial buyer. 

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- Sweden - 

Invuo sells all financial assets related to SDS (Cision)

Invuo technologies AB has decided to sell all its financial assets related to Seamless Distribution Systems ("SDS") for a total of SEK 17.5m. SDS assets sold consist of shares in SDS corresponding to 23.3% of SDS shares. The purchaser of SDS assets consists of a consortium of Swedish investors, which includes members of the SDS management team and board. 

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MTG expands ownership in Zoomin.TV (Cision)

MTG has increased its holding in Zoom.in Group BV (Zoomin.TV) from 51% to 100% through acquisition of the remaining 49% of the shares. MTG pays EUR 6.2m in cash for the shares. Zoomin.TV is a leading global online publisher of video content produced for the generation Z target audience. With its headquarters in Amsterdam and 16 offices on four continents, Zoomin.TV's global network of 3 500 freelance video journalists produces digital video content that generates approximately 3.2 billion views every month

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- Norway -

SAS Chairman: We are for sale every single day (E24)

Carsten Dilling recently took over as chairman of SAS. Earlier, he predicted an acquisition wave in the airline industry. Both the Swedish and Norwegian state, who owns 17% and 11% respectively in SAS have signaled that they might sell out. Although the SAS chairman does not see a sale of the airline as the overall goal, he is prepared for a quick sale - and signals that it can happen at any time according to E24 and Borsen. 

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- Finland -

Finish developer Yepzon Inc. signs LOI to merge PocketFinder (GNF)

Location Based Technologies (LBT), the company behind PocketFinder, is looking to acquire an undisclosed stake in Yepzon Inc., enabling the Finnish wearable tracking device manufacturer to increase its net sales and market share in the US. 

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Prepared by Emil Tange Ohlsen